Cullen/Frost Bankers (CFR) Receiving Somewhat Negative Media Coverage, Analysis Finds

News coverage about Cullen/Frost Bankers (NYSE:CFR) has trended somewhat negative recently, according to Accern. The research group identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cullen/Frost Bankers earned a media sentiment score of -0.12 on Accern’s scale. Accern also gave media stories about the bank an impact score of 46.9730273363693 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

CFR has been the subject of several research analyst reports. Maxim Group restated a “buy” rating and issued a $110.00 price target on shares of Cullen/Frost Bankers in a research report on Thursday, October 26th. ValuEngine upgraded shares of Cullen/Frost Bankers from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd. SunTrust Banks restated a “buy” rating and issued a $115.00 price target on shares of Cullen/Frost Bankers in a research report on Sunday, October 29th. Zacks Investment Research upgraded shares of Cullen/Frost Bankers from a “hold” rating to a “buy” rating and set a $107.00 price target for the company in a research report on Wednesday, January 3rd. Finally, Barclays upped their price target on shares of Cullen/Frost Bankers from $97.00 to $106.00 and gave the company an “equal weight” rating in a research report on Monday, October 30th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $102.19.

Cullen/Frost Bankers (CFR) traded up $1.37 during mid-day trading on Friday, reaching $101.51. 297,394 shares of the company’s stock were exchanged, compared to its average volume of 368,795. Cullen/Frost Bankers has a 12 month low of $81.09 and a 12 month high of $103.37. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.08. The stock has a market cap of $6,410.00, a P/E ratio of 19.45, a price-to-earnings-growth ratio of 1.72 and a beta of 1.33.

Cullen/Frost Bankers (NYSE:CFR) last released its earnings results on Thursday, October 26th. The bank reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.10. Cullen/Frost Bankers had a net margin of 28.86% and a return on equity of 11.64%. The company had revenue of $300.83 million during the quarter, compared to the consensus estimate of $329.62 million. During the same quarter in the prior year, the firm earned $1.24 EPS. analysts expect that Cullen/Frost Bankers will post 5.38 EPS for the current fiscal year.

Cullen/Frost Bankers announced that its board has initiated a share repurchase program on Thursday, October 26th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the bank to buy up to 2.4% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

In other news, CFO Jerry Salinas sold 12,000 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $99.65, for a total transaction of $1,195,800.00. Following the transaction, the chief financial officer now owns 24,184 shares in the company, valued at approximately $2,409,935.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Candace K. Wolfshohl sold 7,000 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $94.99, for a total transaction of $664,930.00. Following the transaction, the insider now owns 9,145 shares in the company, valued at approximately $868,683.55. The disclosure for this sale can be found here. In the last quarter, insiders sold 60,760 shares of company stock valued at $6,058,863. Insiders own 5.15% of the company’s stock.

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Cullen/Frost Bankers Company Profile

Cullen/Frost Bankers, Inc is a financial holding company and a bank holding company. The Company, through its subsidiaries, provides a range of products and services throughout Texas markets. The Company’s segments include Banking, Frost Wealth Advisors and Non-Banks. The Banking segment includes both commercial and consumer banking services, and Frost Insurance Agency.

Insider Buying and Selling by Quarter for Cullen/Frost Bankers (NYSE:CFR)

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